By InvestAdvocate
Lagos (INVESTADVOCATE)-UAC of Nigeria Plc said on Thursday its 2014 audited report for the period ended December 31, 2014 climbed up marginally by 1.2 percent to N14.096 billion from N13.935 billion recorded a year earlier.
Profit after tax (PAT) inched up 8.6 percent to N10.726 billion in the review period of 2014 from N9.873 billion recorded in 2013 end.
Similarly, revenue grew from N78.714 billion in 2013 audited year end to N85.654 billion reported in 2014; indicating a growth of 8.8 percent, the Nigerian conglomerate said in its filing with the Nigerian Stock Exchange (NSE).
However, the company proposed a dividend of N1.75 per share unchanged from the previous year.
In its corporate action with the NSE, UACN says closure date is July 06-July 10, 2015, while annual general meeting (AGM) and payment dates has been scheduled for 29th and 30th July, 2015 respectively.
At the close of business on the Nigerian bourse, shares of the company dropped 0.84 percent to N36.02 from N35.72 recorded the previous session and gaining 0.30 kobo.
